St James’s Place calls in ex Prudential boss as its new chief executive September 13, 2023 London wealth manager St James’s Place has appointed the former boss of insurance giant Prudential as its new chief executive today as veteran Andrew Croft prepares to step down later this year.
St James’s Place ups its dividend as bulging share prices bolster wealth manager’s coffers February 24, 2022 British wealth manager St James’s Place today posted record results, as bulging share prices saw the sums of money it manages grow by 19 per cent, to record heights of £154bn. The firm, which was established by South African financier Mark Weinberg and British banker Mike Wilson in 1991, after the pair received backing from [...]
Funds under management swell to a record £135bn at St James’s Place April 29, 2021 Funds under management at St James’s Place have reached a record high and strong inflows in the first quarter it said this morning, as government spending and Covvid-19 vaccination drives positive investor sentiment. Funds under management jumped to £135bn at the end of March, surpassing the previous record of £129bn it touched in 2020. Net [...]
Baroness Helena Morrissey quits St James’s Place to become AJ Bell chair March 16, 2021 Baroness Helena Morrissey has stood down from her role on St James’s Place’s board to become chair of investment platform AJ Bell. Baroness Morrissey will succeed Les Platts as AJ Bell’s chair at the company’s next annual meeting in January 2022. In the meantime, she join the board as chair designate in July 2021. Baroness [...]
St James’s Place net inflows slow amid ‘challenging’ environment October 27, 2020 Wealth manager St James’s Place (STJ) has recorded a rise in funds under management even as the pace of inflows slowed in the third quarter. As at 30 September, total funds under management increased to £118.7bn compared with £112.82bn in 2019. St James’s Place reported net inflows of £1.33bn in three months ended 30 September, [...]
St James’s Place posts rise in net inflows despite Covid-19 hit May 27, 2020 St James’s Place today reported a modest rise in net inflows in April but said the coronavirus crisis had continued to dampen new investments. The wealth manager posted net inflows of 810m last month, up from 800m in the same period last year. The modest rise combined with positive investment return led to funds under [...]
St James’s Place overhauls pay and perks after scrutiny February 2, 2020 St James’s Place is set to overhaul its pay and perks programmes following intense scrutiny of the incentives offered to partners, including cruises and white-gold cufflinks. Bosses at Britain’s largest wealth manager have told staff the changes will reward “the right behaviours” and go beyond recognising sales made in a single year, according to the [...]
St James’s Place City of London office on sale for £76m November 18, 2019 The owner of the St James’s Place office in the City of London has put the building up for sale for £76.1m. McKay Securities, a real estate investment trust focused on office and industrial property in London and the south east, is looking for buyers for 30 Lombard Street, which is completely let to the [...]
St James’s Place partners threaten rebellion over cancelled cruises October 13, 2019 Partners at wealth manager St James’s Place (SJP) have threatened to stop selling investments for the rest of the year unless they are offered compensation for the loss of their annual cruise holiday. Chief executive Andrew Croft promised to make changes to the lavish incentive scheme offered to SJP partners – which offered rewards ranging [...]
Budget 2015: Personal finance groups including Hargreaves Lansdown, St James’ Place and Rathbone’s share price boosted by “saving revolution” Budget March 18, 2015 Personal finance groups were treated to a share price boost this afternoon, after George Osborne unveiled “a saving revolution”. Bristol-based IFA Hargreaves Lansdown led the pack, up 4.8 per cent at pixel time. St James' Place also jumped on the announcements, up 3.5 per cent. Rathbone Brothers's share price was up two per cent, while [...]